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45-37-123.01
Section 45-37-123.01 Definitions. For the purposes of this part, the following terms shall
have the following meanings: (1) ACT. The act adding this part, to be called the General Retirement
System for Employees of Jefferson County Act. (2) ACTIVE MEMBER. An individual who currently
is employed by the county or other entities set forth in subdivision (20) and is making employee
contributions to the system. (3) ACTUARIAL EQUIVALENT. Effective July 30, 1984, or such other
dates as set forth in Exhibit A, which is maintained in the office of the pension board, a
form of benefit differing in time, period, or manner of payment from a specific benefit provided
under the plan but having the same value when computed using the mortality tables, the interest
rate, and any other assumptions last adopted by the pension board, which assumptions shall
clearly preclude any discretion in the determination of the amount of a member's benefit.
(4) ACTUARIAL GAIN. As defined in Section...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-37-123.01.htm - 27K - Match Info - Similar pages
11-43-7.2
Section 11-43-7.2 Additional expense allowances for members of council or governing body of
Class 1 municipalities. (a) In addition to the authority granted by Section 11-43-7.1, the
council or other governing body of any Class 1 municipality may grant to the members of the
council or governing body, an additional amount of money monthly for expenses incurred by
the members when attending to the business of the municipality within its corporate limits.
The maximum amount of the additional expense allowance shall be three hundred thirty-three
dollars and thirty-three cents ($333.33) per month. (b) Notwithstanding all other provisions
of law, any council or governing body member may elect in writing to have the expense allowances
authorized by subsection (a) of this section and Section 11-43-7.1, become subject to the
withholding of any employee contribution required to be paid into the trust fund of any pension
or retirement system in which the member is eligible to participate. A...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-43-7.2.htm - 2K - Match Info - Similar pages
11-43-86
Section 11-43-86 Compensation of mayor, etc., of Class 1 municipality; mayor authorized to
attend certain meetings, etc.; applicability of section. (a) The mayor or other chief executive
officer of any Class 1 city shall be paid, in addition to the compensation provided by law
for the office, the additional sum of $1,833.33 per month, payable in advance on the first
day of each month as an allowance for expenses incident to the office of mayor, for which
the mayor shall not be required to file an accounting. (b) All other provisions of law notwithstanding,
the mayor may elect in writing to have the expense allowances authorized by subsection (a)
and by subsection (a) of Section 11-43-7.1 treated as subject to withholding of any employee
contribution required to be paid into the trust fund provided under any pension or retirement
system in which the mayor is eligible to participate. The mayor may also elect in writing
within 90 days of October 9, 1992 to pay into the pension or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-43-86.htm - 3K - Match Info - Similar pages
45-37-123.104
Section 45-37-123.104 Withdrawal and refund of employee contributions. The following provisions
generally govern a member's withdrawal and refund of employee contributions under the plan.
Any member who fails to make application for the amount of his or her employee contributions
pursuant to this section within five years after his or her separation from the service of
the county, except as otherwise provided herein or otherwise determined by the pension board,
shall be deemed to have forfeited and donated such employee contributions to the trust fund
pursuant to Section 45-37-123.83. The foregoing five year rule only applies to a member; in
the case of a beneficiary, the pension board may only forfeit employee contributions after
it has exhausted reasonable efforts to locate the beneficiary. (1) WITHDRAWAL OF EMPLOYEE
CONTRIBUTIONS BY MEMBERS NOT ENTITLED TO A DEFERRED RETIREMENT BENEFIT. In the event that
a member ceases to be an employee of the county for reasons other than...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-37-123.104.htm - 10K - Match Info - Similar pages
12-5A-9
Section 12-5A-9 Participation of eligible employees in Employees' Retirement System; creditable
service; formal leave accounting system; inclusion in health insurance plan. (a) Class specifications
and rates of compensation for employees covered by this chapter, juvenile probation officers,
juvenile probation professional staff, and clerical staff, hereafter called "eligible
employees," and any future employees occupying those positions shall be established by
the Administrative Director of Courts. Notwithstanding the foregoing, the compensation of
any employee shall not be diminished as a result of his or her inclusion in the state court
system personnel system. (b) Eligible employees included in the state court system personnel
system pursuant to this chapter shall, on October 1 of the year their county transitions,
be covered by the Employees' Retirement System. An employee who on that date is participating
in a local retirement plan other than a unit administered by the Employees'...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/12-5A-9.htm - 11K - Match Info - Similar pages
16-25-20
Section 16-25-20 Management of funds. (a) (1) The Board of Control shall be the trustees of
the several funds of the Teachers' Retirement System created by this chapter as provided in
Section 16-25-21, and shall have full power to invest and reinvest the funds, through its
Secretary-Treasurer, in the classes of bonds, mortgages, common and preferred stocks, shares
of investment companies or mutual funds, or other investments as the Board of Control may
approve, with the care, skill, prudence, and diligence under the circumstances then prevailing
that a prudent man acting in a like capacity and familiar with the matters would use in the
conduct of an enterprise of a like character and with like aims; and, subject to like terms,
conditions, limitations, and restrictions, the Board of Control, through its Secretary-Treasurer,
shall have full power to hold, purchase, sell, assign, transfer, and dispose of any investments
in which the funds created herein shall have been invested, as well...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-25-20.htm - 6K - Match Info - Similar pages
36-27-6
Section 36-27-6 Participation of employees of counties, cities, towns, public or quasi-public
organizations, etc. - Generally. (a) The governing board of any county, city, town or public
or quasi-public organization of the state or of any political subdivision thereof or the Alabama
Extension Service and Agricultural Experiment Station System of Auburn University may, by
resolution legally adopted to conform to rules prescribed by the Board of Control, elect to
have its officers and employees from whatever sources and in whatever manner paid become eligible
to participate in the retirement system; and the Adjutant General of the state, with the approval
of the Governor, may, by application properly prepared and submitted in conformity with rules
prescribed by the Board of Control, elect to have those employees of the Alabama National
Guard employed pursuant to 32 U.S.C.A., Section 709, and paid from federally appropriated
funds, become eligible to participate in this retirement system....
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-6.htm - 16K - Match Info - Similar pages
12-18-152
Section 12-18-152 (Effective November 8, 2016, subject to contingencies) Scope and application
of plan; contributions. (a) Every judge or clerk first elected or appointed to his or her
position on or after November 8, 2016 who is not a member of the Judicial Retirement Fund
or Clerks' and Registers' Supernumerary Fund on November 7, 2016 shall come under this article
by operation of law. The plan shall not include any judge or clerk who is a member of the
Judicial Retirement Fund or Clerks' and Registers' Supernumerary Fund prior to November 8,
2016, regardless of the type of judgeship position held. Each judge or clerk shall contribute
to the fund eight and one-half percent (8.5%) of his or her annual salary or base sum as provided
in Section 12-18-82. The percentages shall be deducted by the employer from each judge's or
clerk's salary and paid into the fund in the State Treasury and credited to the individual
account of the judge or clerk from whose salary it was deducted. (b) On...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/12-18-152.htm - 1K - Match Info - Similar pages
25-4-40.1
Section 25-4-40.1 Employment Security Enhancement Fund. (a) Retroactive to April 1, 1992, there
is hereby placed upon all wages so defined in Section 25-4-16, paid to employees by employers
subject to pay contributions as provided in Sections 25-4-51 and 25-4-54, except as is hereinafter
provided in this section, a special assessment of 0.06 percent (six one-hundredths of one
percent) of such wages. This assessment shall not apply to wages paid during any calendar
quarter of any calendar year by any employer whose rate of contribution has been computed
under the provisions of Section 25-4-54 to be at least 5.40 percent but not more than 5.45
percent for such calendar year, to any employer who for such calendar year has elected to
make payments in lieu of contributions pursuant to Section 25-4-51, nor to any employer who
has not had sufficient unemployment experience to qualify for a rate determination under Section
25-4-54 for such calendar year. (1) Assessments under this section...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/25-4-40.1.htm - 6K - Match Info - Similar pages
36-27-25
Section 36-27-25 Funds for assets of retirement system - Management. (a) The Board of Control
shall be the trustees of the several funds of the Employees' Retirement System created by
this article as provided in Section 36-27-24 and shall have full power to invest and reinvest
the funds, through its Secretary-Treasurer in the classes of bonds, mortgages, common and
preferred stocks, shares of investment companies or mutual funds, or other investments as
the Board of Control may approve, with the care, skill, prudence, and diligence under the
circumstances then prevailing that a prudent person acting in a like capacity and familiar
with such matters would use in the conduct of an enterprise of a like character and with like
aims. Subject to like terms, conditions, limitations and restrictions, the Board of Control,
through its Secretary-Treasurer, shall have full power to hold, purchase, sell, assign, transfer,
and dispose of any investments in which the funds created in Section...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/36-27-25.htm - 7K - Match Info - Similar pages
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